Hi all,
I m in Interior Designers Pvt Ltd co. We do Interior Designing for Corporates. for late work at site we give food and tea exp for labour. I want to know that in which head these exp will go??

Please tell me entries needed for salary process.
1) Salary Payable
2) Salary Paid
3) Statutory contribution from Employer's.
4) Payment of contribution with administration charges.

Where To disclose Wealth Tax Paid in CFS ?
and what is the reason for the same...?

Dear experts,
Ours is a Unlisted Private limited company. We used import materials from outside India on credit.When we import the exchange rate of dollar will different when compared with dollar rate on payment date. How to account for such different rates. Can anyone clarify my doubt in detail & how to treat it in books of accounts.
Thanks in advance.

Hi

It is newly formed company.

Purchases 10 units of computer for 100,000 and sold 9 units for 112,500.
What is the entry for closing stock.

Thanks

dear experts,
can we adjust balances existing among sister concern companies under same management.
For example
1)company "B" having debit balance of Rs.50000/- in Company "A" books and
2)Company "B" having credit balance of Rs.10000/- in Company "C" books.
3)Company "C" having credit balance in Company "A" books.
All companies are under same management.
Can we set off their credit balances against debit balance.

what work has to be done while preparing project can anyone plz explain.in short what is project?

Can i have the balance sheet of limited company with notes to the account and details in excel or pdf as per revised schedule VI to the companies act, 1956?

I release a bill 50000 to xyz on date 09-10-10 including service tax(10.3) but I have receive 35000/- only. how much tax i will have to pay authority. my responsibility would be on 50000/- or 35000/-

SITUATION -1

we gave a Rs.10 Lakhs to Sub-contractor for Mob.Adv. entry for the same is

Mob.Advance A/C Dr 10,00,000/-
To TDS A/C 20,000/-
To Bank 9,80,000/-

SITUATION -2
They Submitted Bill for 2 lakhs and we have to deduct 10% of bill value as Mob.adv. recovery
Expenses A/C Dr 200000
To TDS A/C Dr 3600 (180000*2%)
To Mob.Adv A/C Dr 20000
To Bank 176400

Whether the Entry is Correct